Can I retire at age 59 with 621,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$51,282$50,825$50,379$49,944$49,519$48,699
2 years$25,387$24,914$24,456$24,012$23,581$22,757
3 years$16,757$16,282$15,825$15,384$14,961$14,158
4 years$12,442$11,969$11,516$11,084$10,670$9,896
5 years$9,854$9,384$8,937$8,513$8,111$7,367
6 years$8,129$7,662$7,222$6,808$6,418$5,705
7 years$6,898$6,435$6,002$5,597$5,220$4,538
8 years$5,975$5,516$5,090$4,695$4,330$3,680
9 years$5,257$4,803$4,384$4,000$3,647$3,028
10 years$4,683$4,233$3,822$3,448$3,107$2,518
11 years$4,214$3,769$3,365$3,000$2,672$2,113
12 years$3,824$3,383$2,986$2,632$2,316$1,786
13 years$3,493$3,057$2,668$2,323$2,019$1,518
14 years$3,210$2,779$2,397$2,063$1,770$1,296
15 years$2,965$2,538$2,164$1,839$1,559$1,111
16 years$2,751$2,329$1,962$1,647$1,377$955
17 years$2,563$2,145$1,786$1,480$1,221$824
18 years$2,395$1,982$1,630$1,334$1,086$712
19 years$2,245$1,837$1,492$1,205$968$617
20 years$2,111$1,707$1,370$1,091$865$535
21 years$1,989$1,590$1,260$991$774$465
22 years$1,879$1,484$1,161$901$694$404
23 years$1,778$1,388$1,072$820$623$352
24 years$1,686$1,300$991$748$560$307
25 years$1,601$1,220$918$683$504$268
26 years$1,523$1,147$852$625$454$234
27 years$1,451$1,079$791$572$409$204
28 years$1,384$1,017$735$524$369$178
29 years$1,322$960$684$480$333$156
30 years$1,264$906$637$441$301$136
31 years$1,210$857$594$405$272$119
32 years$1,160$811$554$372$246$105
33 years$1,112$768$518$342$223$92
34 years$1,068$728$484$315$202$80
35 years$1,026$690$452$290$183$70
36 years$986$655$423$267$166$62
37 years$949$622$396$246$150$54
38 years$914$591$371$227$136$47
39 years$881$562$347$209$123$41
40 years$849$535$326$193$112$36
41 years$819$509$305$178$102$32
42 years$791$485$286$164$92$28
43 years$764$462$269$152$84$24
44 years$738$440$252$140$76$21
45 years$713$420$237$129$69$19
46 years$690$401$222$119$63$16
47 years$668$382$209$110$57$14
48 years$646$365$196$102$52$13
49 years$626$349$185$94$47$11
50 years$606$333$174$87$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $621,000, adding $4,363 every year, while hoping to spend $32,739 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/36/14 Blend
58$621,000$621,000$621,000$621,000
59$688,842$655,929$646,304$720,441
60$724,270$653,236$633,121$739,922
61$762,215$649,313$618,399$757,298
62$802,897$644,066$602,053$775,450
63$846,562$637,395$583,991$794,463
64$893,477$629,192$564,119$814,428
65$943,934$619,346$542,340$835,452
66$998,257$607,735$518,550$857,651
67$1,056,799$594,234$492,642$881,157
68$1,119,949$578,708$464,502$906,118
69$1,188,134$561,015$434,013$932,698
70$1,261,824$541,005$401,052$961,081
71$1,341,533$518,517$365,491$991,473
72$1,427,830$493,385$327,195$1,024,104
73$1,521,336$465,429$286,024$1,059,228
74$1,622,738$434,461$241,831$1,097,132
75$1,732,790$400,281$194,465$1,138,134
76$1,852,319$362,680$143,764$1,182,587
77$1,982,238$321,434$89,563$1,230,886
78$2,123,550$276,307$31,686$1,283,469
79$2,277,358$227,052$0$1,340,825
80$2,444,876$173,405$0$1,407,989
81$2,627,441$115,090$0$1,486,415
82$2,826,523$51,812$0$1,572,063
83$3,043,740$0$0$1,665,707
84$3,280,875$0$0$1,774,838
85$3,539,887$0$0$1,916,516
86$3,822,935$0$0$2,071,407
87$4,132,398$0$0$2,240,817
88$4,470,890$0$0$2,426,188
89$4,841,293$0$0$2,629,106
90$5,246,781$0$0$2,851,319
91$5,690,846$0$0$3,094,749
92$6,177,336$0$0$3,361,517
93$6,710,487$0$0$3,653,954
94$7,294,967$0$0$3,974,631
95$7,935,913$0$0$4,326,378
96$8,638,988$0$0$4,712,314
97$9,410,424$0$0$5,135,870
98$10,257,090$0$0$5,600,831
99$11,186,551$0$0$6,111,363
100$12,207,139$0$0$6,672,056